On this post you’ll find the answer to The Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you merely do not wish to decide what you actually want to invest and you want somebody to do it for you there’s just a number of ways that that can occur the first of all you can work with a financial investment portfolio manager they’ll usually charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are created once again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios as well now if you’re brand new to an overall please keep in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform don’t just presume because i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that option as well so you actually get used to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you pick to in this particular video we’re discussing how to copy other people’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not just do something because that person has actually stated they’ve made profit 14 months in a row purchase these options since you believe is the best ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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well-known for it’s the alternative to see what other traders are doing amazing we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can really state i wish to do exactly what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they buy they offer whatever they do your money will be mimicked with it so that suggests if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs included actually crucial you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero fee websites then may not charge you for really buying and selling funds or etfs specific commodities individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know prior to you in fact begin buying copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with costs truly important to understand these now on there’s a number of charges there isn’t costs to do with really buying and selling all right so commission charges are totally free nevertheless there are a number of other costs the very first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you offer your shares you sell your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you might state all right that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just among those options that they have a lot of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you understand depends entirely how you’re investing however that is a cost to remember the second cost that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an option to buy in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and two open market anybody this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists what are they really offering you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state offer me us dollars rather you have to pay their costs now the terrific aspect of however when you’ve transformed your cash you do not have to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s actually great using that part of their website won’t certainly restrict you in any way nevertheless we need to understand 2 other costs the first being what’s called spread costs fine and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is generally the distinction that is part of the financial investment platform in between the buy rate and the list price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that in fact means that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing price of tesla is the worth of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it and that is how they make a bit of money on those spread out costs it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit cash now the last accomplishment is called an
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overnight fee now this is truly important if you’re actually utilizing cfds yourself too an overnight fee is when you’re not doing that buy offer transaction in the exact same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which indicates you’re really buying the precise asset rather than utilizing take advantage of anyway you won’t get hit with these fees but these fees are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the help area this isn’t the over night charges details you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some additional charges naturally depending on what you are buying also this is on your own so keep that in mind however full fees are totally within their help information okay and we talked about along with complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of really utilizing these copy functions they do not have any additional costs on top of the regular charges that
exist now what you require to remember though is these possibly managed by other individuals entirely or sometimes have actually produced portfolios you’ve got a genuine person doing the management you have to ensure you choose the individual that’s right for you just like any kind of work this is your financial properties so we absolutely require to make sure it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash perhaps this is an excellent choice for you once again to check the theories all right you might wish to buy tesla or apple or this etf why not use the virtual option as a way to type of safe play with it clearly you might have lost out on gains and losses throughout that time obviously if you had invested your real money it allows you to develop self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i suggest by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply suggests am i all right with potentially losing a good amount of this financial investment or acquiring as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally implies they’ll lose at some time in their journey undoubtedly individuals do generate income as well and i have actually got videos everything about how you can make sure you’re one of individuals to in fact generate income but in this situation make certain you research study your threat level would you be alright offering your money to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in totally if you’re somebody who isn’t wishing to be that dangerous do not choose somebody who’s totally into crypto or currency conversion consider it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact use this too actually easily over here you can copy people now it will give you a lot of options and you can use the system to actually search for someone that you elegant actually following so let’s see possibly we want someone from united kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has fulfilled that requirements and it does offer you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you fine with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is great so really for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production business as that. The Etoro.
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